Market Overview:
The latest research report from Market Research Future
(MRFR) profiles the global Linear Alkyl Benzene Market in great detail and
provides readers with a comprehensive overview of the market. The market’s
historical growth trajectory, present conditions, and future growth prospects
are studied in the report. The report provides a comprehensive overview of the
market’s historical growth trajectory by detailing the historical stats
regarding the market.
Future projections are based on the detailed historical
stats offered in the report. Based on this platform, future projections for the
Linear Alkyl Benzene Market’s growth trajectory over the forecast period are
provided in the report. The report also profiles the leading players in the
global Linear Alkyl Benzene Market and gives readers a comprehensive analysis
of the leading players in the global Linear Alkyl Benzene Market. The report
also profiles the major drivers and restraints affecting the global Linear
Alkyl Benzene Market. The factors making the market tick and those holding the
market back are studied in detail in the report. The impact of the COVID-19
pandemic on the Linear Alkyl Benzene Market is also assessed in the report.
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Linear alkyl benzene is a surfactant widely used to produce
detergents and other cleaning products. The growing urbanization in developing
economies in Asia Pacific, South America, and Africa has been a major driver
for the global Linear Alkyl Benzene Market over the last few years, as this has
driven the demand for household cleaning agents in these regions. With the
rising number of households and residential apartments, the demand for
household cleaning agents such as detergents and floor cleaners has grown
rapidly. This is likely to remain a major driver for the global Linear Alkyl
Benzene Market over the forecast period.
Linear alkyl benzene also has an advantage over other surfactants,
in that it is biodegradable. This makes it highly beneficial for application in
cleaning agents, which are increasingly being regulated over their impact on
the environment. The biodegradability of linear alkyl benzene makes it perfect
for use in detergents in a time when governments are actively promoting the use
of environmentally viable surfactants. This is likely to remain a major driver
for the global Linear Alkyl Benzene Market over the forecast period, as not
many other surfactants are biodegradable, and most aren’t as ecologically
viable as linear alkyl benzene. On the other hand, the high prices of petroleum
and price fluctuations in the same are likely to be the important restraints on
the global Linear Alkyl Benzene Market over the forecast period from 2018 to
2023.
Competitive
Leaderboard:
Leading players in the global Linear
Alkyl Benzene Market include PT Unggul Indah Cahaya Tbk,
Jingtung Petrochemical Corp. Ltd., Isu Chemical, Petrochina Co. Ltd., Chevron
Phillips Chemical Company, Huntsman International LLC, Deten Quimica SA,
Reliance Industries Ltd., Indian Oil Corporation Ltd., Desmet Ballestra Group
NV, Honeywell International Inc., Croda International plc, Hansa Group AG,
Clariant AG, and Sasol Ltd. Major players in the global Linear Alkyl Benzene
Market are likely to engage in production capacity expansion in the coming
years in order to stay on top of the growing demand for linear alkyl benzene
from urban areas around the world.
Segmentation:
The global Linear Alkyl Benzene Market is segmented by
application and region.
On the basis of the application, the global Linear Alkyl
Benzene Market is segmented into linear alkylbenzene sulfonate (LAS)
manufacturing and non-surfactant applications. LAS is sub-segmented based on
applications into consumer cleaning products and industrial & commercial
cleaners. Consumer cleaning products are further segmented based on product
types into detergents, scouring products, soap, shampoo, and others.
Non-surfactants applications are sub-segmented into agricultural herbicides,
wetting agents, electric cable oil, ink solvents, paint industry, and others.
Regional Analysis:
Asia Pacific is the largest and fastest growing regional
market for linear alkyl benzene and is likely to retain this position over the
forecast period due to the growing urbanization in the region, which has led to
a growing demand for cleaning agents and surfactants.
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